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HSBC is on the hook for $601 million in multiple settlements related to its mortgage servicing practices. (Credit: AP)

HSBC Will Pay $601M In Federal-State Mortgage Case

HSBC Holdings PLC on Friday agreed to pay $601 million in a series of settlements with state and federal regulators and law enforcement agencies related to its mortgage origination, servicing and foreclosure activities.

  • BREAKING: Citigroup Halts DraftKings, FanDuel Transactions In NY

    Citigroup is stopping transactions for New York residents on daily fantasy sports sites run by DraftKings and FanDuel until there is more legal clarity as the companies face enforcement actions by the state attorney general and a slew of lawsuits that were recently consolidated.

  • BREAKING: Pa. AG Kane Loses Bid To Lift Suspension

    The Pennsylvania Supreme Court rejected Attorney General Kathleen Kane's bid to resurrect her suspended law license on Friday, allowing the state Senate to take its next step towards removing her from office.

  • BREAKING: Tesoro To Pay $8M To Steelworkers For Bonuses Withheld Over Strike

    Petroleum firm Tesoro agreed Friday to pay $8.08 million to nearly 800 workers at two of its West Coast facilities, stemming from allegations it withheld bonuses from those employees as punishment for their participation in a nationwide strike last year, the National Labor Relations Board said.

  • Gibson Dunn To Face Subpoena In NJ Bridge Case

    A judge on Friday gave former New Jersey officials facing charges over the September 2013 closure of George Washington Bridge access lanes the green light to subpoena Gibson Dunn for more records from Gov. Chris Christie's office, allowing defense counsel to test their contention that the firm improperly withheld relevant documents.

  • FDA Staff Back Celltrion's Remicade Biosimilar

    U.S. Food and Drug Administration staff on Friday voiced support for Celltrion's proposed biosimilar of Janssen Biotech’s Remicade, keeping it on track to become the second and most complex U.S. biosimilar.

  • 2nd Circ. To Hear Gupta Appeal Of Insider Trading Conviction

    The Second Circuit on Thursday said it would review former Goldman Sachs Group Inc. board member Rajat Gupta’s appeal of his 2012 insider trading conviction, clearing the way for his attorneys to argue that his conviction should be overturned under the court’s landmark Newman decision.